The Right Investments for You! Investing Is Like Vacationing
SUDOKU
I hope you were able to escape somewhere fun this summer. It felt like a summer of possibilities, and our family took full advantage. We spent about three weeks total up at my family’s cabin on Long Lake in Minnesota, and it was the perfect vacation for us. I realize for some, three weeks at a cabin may sound like torture! Maybe it’s too boring, maybe there are too many bugs (I can agree with this one), or maybe you’d rather not part with your everyday luxuries for a minimalist lifestyle. Regardless of your reasons, if a monthlong adventure in the woods and near the lake doesn’t appeal to you, you would never book that vacation.
SOLUTION ON PG. 4
So, why would you have the same approach when it comes to your investment plan?
Much like how planning the perfect vacation comes down to your preferences, the “right” investment plan is all about your goals and what you need your money to do for you. Take a “growth fund” and a “balanced fund,” for instance. You may have assumptions about each of these. You might assume that a growth fund has more risk attached to it, and that is will likely pay out bigger gains, whereas the balanced fund might offer less risk or lower fees. But that’s a gross assumption. Not all growth funds are going to be high-risk. And sometimes, I see balanced funds that have more risk and volatility than a growth fund. What is important is the make-up of the funds. The question isn’t, “Which portfolio is right?” You should be asking, “Which portfolio is right for me?” (Or what is your dream vacation, to keep the analogy going.) You can tailor your portfolio to suit your needs while potentially maximizing your gain, limiting your risk, and focusing on your personal goals. We achieve this by using cutting-edge software designed to determine what your ideal portfolio would look like. It’s completely adaptable as your life changes, but it can take some of the guesswork out of planning for your future. Stop forcing yourself into a cabin vacation if you would rather tour Europe. If you have questions about how this software is utilized in your portfolio, please reach out to me today. I’m happy to answer your questions.
“Happiness is an attitude. We either make ourselves miserable, or happy and strong. The amount of work is the same.” –Francesca Reigler
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